United Capital Financial Advisors LLC Makes New Investment in Wintrust Financial Corporation $WTFC

United Capital Financial Advisors LLC acquired a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,403 shares of the bank’s stock, valued at approximately $868,000.

Other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC lifted its position in shares of Wintrust Financial by 7.7% during the first quarter. Parallel Advisors LLC now owns 976 shares of the bank’s stock worth $136,000 after purchasing an additional 70 shares in the last quarter. MeadowBrook Investment Advisors LLC boosted its stake in Wintrust Financial by 3.0% in the first quarter. MeadowBrook Investment Advisors LLC now owns 2,545 shares of the bank’s stock valued at $354,000 after acquiring an additional 75 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Wintrust Financial by 0.9% in the 4th quarter. Quadrant Capital Group LLC now owns 8,914 shares of the bank’s stock worth $1,246,000 after purchasing an additional 83 shares during the last quarter. Cresset Asset Management LLC boosted its holdings in Wintrust Financial by 2.4% during the third quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank’s stock worth $494,000 after buying an additional 88 shares during the last quarter. Finally, Compound Planning Inc. grew its holdings in Wintrust Financial by 5.3% during the first quarter. Compound Planning Inc. now owns 1,868 shares of the bank’s stock valued at $260,000 after purchasing an additional 94 shares during the period. 93.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Raymond James Financial assumed coverage on Wintrust Financial in a report on Tuesday, July 7th. They set an “outperform” rating and a $180.00 price objective on the stock. Citigroup cut Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wintrust Financial in a research note on Monday, June 29th. Piper Sandler set a $186.00 price objective on shares of Wintrust Financial in a report on Wednesday, July 22nd. Finally, Truist Financial boosted their price objective on shares of Wintrust Financial from $170.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $177.77.

Wintrust Financial Stock Performance

WTFC opened at $152.95 on Monday. Wintrust Financial Corporation has a 52-week low of $119.61 and a 52-week high of $167.21. The firm has a market capitalization of $10.32 billion, a PE ratio of 12.29 and a beta of 0.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. The business’s 50-day simple moving average is $159.51 and its 200 day simple moving average is $151.12.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.15. The firm had revenue of $738.63 million during the quarter, compared to the consensus estimate of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The business’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $2.78 earnings per share. As a group, sell-side analysts expect that Wintrust Financial Corporation will post 13.04 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, August 6th. Wintrust Financial’s dividend payout ratio is presently 17.67%.

Insider Buying and Selling at Wintrust Financial

In related news, COO David A. Dykstra sold 13,515 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total value of $2,199,836.55. Following the completion of the transaction, the chief operating officer directly owned 166,449 shares of the company’s stock, valued at approximately $27,092,903.73. This trade represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.24% of the company’s stock.

Wintrust Financial Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.